Which Action Is a Cause for Erosion of a Small

question 47

Multiple Choice

Which action is a cause for erosion of a small firm's focus strategy?

• A)Consumer demand grows.
• B)New firms reconstruct the industry.
• C)Differences between segments grow larger.
• D)The focus strategy is imitated.

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Definitions:

Japanese Automobile

A car manufactured by a company based in Japan, known for reliability, efficiency, and advanced technology.

Canadian Dollars

The currency of Canada, represented by the symbol CAD, and used throughout the country for financial transactions.

Inflation Rate

The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling. Central banks attempt to limit inflation, and avoid deflation, in order to keep the economy running smoothly.

Appreciate

The increase in value of an asset over time.